RiverSoft

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RiverSoft plc
Traded as LSERSFT (Former ticker symbol)
Industry Software
Founded 1997 (private company)
2000 (public company)
Founder Phil Tee
Headquarters London, United Kingdom
Key people
Carl Symon
(non-executive chairman)
Tim Murray
(chief executive)

RiverSoft plc was a publicly limited company listed on the London Stock Exchange, in 2000. It developed and provided network management software for monitoring and managing Internet Protocol networks.[1] The company is now delisted.[2]

History[edit]

RiverSoft was founded, in 1997, by Phil Tee after he left Micromuse, a former competing company which he also co-founded.[3]

In September 2001, it was announced that RiverSoft would partner with Concord Communications Inc. to provide real-time network and performance management software to Interxion.[4] Concord Communications Inc. was later acquired by CA Technologies in 2005.[5]

In November 2001, the board saw several changes with Carl Symon, former head of IBM in the UK, joining as non-executive chairman, and Tim Murray from AT&T taking the role of chief executive.[6]

In 2002, RiverSoft was bought by rival firm Micromuse for £43m in cash.[7] Micromuse was then acquired by IBM, in 2005, this resulted in RiverSoft's and Micromuse's network management software becoming part of what is now the IBM Tivoli Framework.[8]

Awards[edit]

RiverSoft won Best Software Infrastructure Product and Best Presentation at the Gartner's Winter 2001 Enterprise Vision Conference in Phoenix, Arizona.[9]

References[edit]

  1. ^ "Riversoft announces placing price of 94 pence per share". Prnewswire.co.uk. Retrieved 2012-10-01. 
  2. ^ "RiverSoft PLC". Bloomberg.com. 2012-09-27. Retrieved 2012-10-01. 
  3. ^ Finance. "Tee surrenders Riversoft to rival". Telegraph.co.uk. Retrieved 2012-10-01. 
  4. ^ "RiverSoft and Concord Partner to Provide Next-Generation Fault Management and Performance Solutions". Intc.com. 2001-09-25. Retrieved 2012-10-01. 
  5. ^ "CA to buy Concord Communications for $330M in cash". Bizjournals.com. 2005-04-07. Retrieved 2012-10-01. 
  6. ^ "Boardroom shuffle at RiverSoft". Standard.co.uk. 2001-11-06. Retrieved 2012-10-01. 
  7. ^ Nick Goodway (2002-06-19). "Micromuse nets Riversoft for £43m". Standard.co.uk. Retrieved 2012-10-01. 
  8. ^ "Tivoli Netcool/OMNIbus". 01.ibm.com. Retrieved 2012-10-01. 
  9. ^ "Award Press Release". E-creation.co.uk. Retrieved 2012-10-01.